FoxNewsTrade creates the impression that the investor is granted the very best conditions to make money with Forex trading as fast as it is safe. Everything at FoxNewsTrade is investment fraud. Everything that the investor sees on his screen is just a deception. The money has landed right in the pockets of investment scammers. Nothing is traded at FoxNewsTrade. Not a cent has been invested. Can you tell us about the same experience? How can investors get their money back from dubious providers? What can investors do who have been scammed by FoxNewsTrade? What help is available in case of investment fraud?
FoxNewsTrade: Promises are broken
What are the dumbfounded visitors to FoxNewsTrade's website being presented with? "Our different execution types are advanced and ensure that you get the lowest variable rates. Depending on the account type you choose, we offer a flexible range of leverage." That's just one small passage of the questionable assurances prospective customers can find on FoxNewsTrade's website. Not one of these full-bodied promises made by FoxNewsTrade has been kept. Regrettably, the highly criminal business conduct makes for miserable experiences and unhappy investors!
FoxNewsTrade: Who is behind it?
Answering this question will undoubtedly cause trouble for many investors, as the FoxNewsTrade makers do everything they can to conceal the true circumstances. This is certainly not unusual, as the perpetrators usually operate several of these websites with the same fraudulent business model. Such are continuously created, quickly uploaded on the Internet, and just as quickly taken down, moreover, the top-level domain is often changed to evade financial regulators and law enforcement agencies.
FoxNewsTrade: But who operates the broker?
There is little usable information about this on the FoxNewsTrade website. The operator is Canoodle Solutions Ltd with the notorious business address Suite 305, Griffith Corporate Centre, P.O. Box 1510 Beachmont Kingstown, St. Vincent, and the Grenadines, but the creators of FoxNewsTrade cannot be found under this address, because it is a Caribbean mailbox company. The domain foxnewstrade.org was registered on 08.12.2021 with Namesilo, LLC. In addition, the website also features the obligatory support email address firstname.lastname@example.org and the UK phone number +442030972588.
FoxNewsTrade: Scheme of the investment fraud
The investment fraud follows the usual scheme: investors initially put in a small sum - usually 250 euros - are impressed by how quickly this amount increases and are therefore willing to "invest" ever higher sums. The trouble starts every time an investor wants to have his money paid out, because now taxes, commissions, fees, or anything else have to be paid first. Unfortunately, many investors are late in realizing that they have been duped by investment scammers who never intended to pay out the money.
FoxNewsTrade: What help is available for investment fraud?
Many aggrieved investors wonder what to do about investment fraud since criminal charges make little sense because criminal charges are primarily for prosecution, not for recovering money. What kind of help can be used for investment fraud and how do affect investors get their money back? A lawyer specializing in investment fraud must know how to follow the money trail, because as they used to say, money is never gone, but somewhere else. Now it can be added: It is exhausting, but with the proper tools it is possible to systematically track money digitally - even if it was transferred with Bitcoin through a Crypto Exchanger.
RESCH Rechtsanwälte Gmbh - Experience in investor protection since 1986.
If you have been a victim of FoxNewsTrade and want to know if and how you can get your money back, call +49 30 885 9770 or fill out the questionnaire. You will receive a free assessment of your case.
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